Sentences with phrase «by filing a bankruptcy too»

By filing a bankruptcy too late, the debtor limits her options of finding a solution to her financial situation outside bankruptcy, such as by negotiating a voluntary restructuring agreement with creditor (s) before or shortly after an initial default becomes a potential reality.

By filing a bankruptcy too late, the debtor limits her options of finding a solution to her financial situation out - side bankruptcy, such as by negotiating a voluntary re - structuring agreement with creditor (s) before or shortly after an initial default be - comes a potential reality.

Not exact matches

It is not too late to file for bankruptcy if your wages are being garnished, if your bank account is being attached, or if you have been either liened or levied by the IRS.

If your bank account has been frozen, this too can be addressed by filing a consumer proposal or bankruptcy.

By waiting too long to file bankruptcy, you may end up putting your home and other assets at risk, needlessly draining accounts that would otherwise be protected from creditors (i.e. most retirement accounts) and creating a financial situation that did not need to be as dire if you had only pursued bankruptcy as a viable solution to your debt problems.